Start-up’s prized goal is to cap­ture the con­ti­nent

The Sunday Independent - - Features - Luy­olo Mken­tane

A YOUNG South African start-up is fo­cus­ing its at­ten­tion on the rest of the con­ti­nent to con­quer the fi­nan­cial ser­vices in­dus­try.

Johannesburg-based TMMBS Ac­coun­tants says it is fol­low­ing in the foot­steps of the leg­endary SizweNt­salubaGo­bodo to of­fer pay­roll ser­vices, ac­count­ing, book­keep­ing and fi­nan­cial re­port­ing, tax­a­tion ad­vi­sory, sec­re­tar­ial ser­vices, and BEE ad­vi­sory/cer­tifi­cates.

Its founder, 26-year-old Tshepo Mosiedi, says as they con­tinue to make their mark in the lo­cal mar­ket, their prized goal is to cap­ture the con­ti­nent.

Mosiedi says the com­pany’s vi­sion is Pan-African­ist and is aimed, among other things, at up­lift­ing other black aca­demics.

“Our Pan-African vi­sion is about us be­com­ing the big­gest ac­count­ing firm in Africa and then the world,” Mosiedi says.

“Our plan is to branch into the SADC re­gion, that’s our five-year goal,” he says.

“We want to be in Botswana, Zim­babwe, Zambia, etc. We want to part­ner with other black ac­count­ing firms in those coun­tries.”

He says he went into the busi­ness be­cause he be­lieves that Africans need to start their own em­pires to lib­er­ate them­selves.

TMMBS started in Johannesburg’s west­ern town­ship of Kag­iso be­fore mov­ing to Krugers­dorp. Cur­rently, it is head­quar­tered in Africa’s rich­est square mile of Sand­ton.

“We are here in Sand­ton to com­pete and not open a small prac­tice. The Sand­ton move is for big busi­nesses,” says Mosiedi.

He says they are keep­ing the Kag­iso of­fice open be­cause their ser­vices are very pop­u­lar in the town­ship.

“We don’t want to ne­glect the SMEs in the town­ships,” says Mosiedi, who started his first busi­ness at the of age of 16, wash­ing garbage bins for his neigh­bours in the town­ship.

Since then, he’s worked for MM Ac­count­ing Ser­vices as a ju­nior book­keeper for a year in 2010, fol­lowed by a stint at a rep­utable con­struc­tion com­pany turn­ing over R80 mil­lion a year.

Mosiedi, who holds a na­tional diploma in ac­count­ing from the Univer­sity of Johannesburg (UJ), says they also pro­vide men­tor­ship to stu­dents with the sole pur­pose of ab­sorb­ing them into the com­pany fold.

He says some of their in­terns have be­come busi­ness movers and shak­ers in their own ca­pac­i­ties.

“We have Luyanda Duma, who is study­ing BCom in in­dus­trial psy­chol­ogy at UJ. She’s do­ing her last year, we’ve em­ployed her as a busi­ness strate­gist. Most projects that we have to pitch to govern­ment

Our Pan-African vi­sion is about us be­com­ing the big­gest ac­count­ing firm in Africa and then the world.

will be han­dled by her,” he says.

The com­pany is also men­tor­ing UJ sec­ond year mar­ket­ing stu­dent Moshe Ndlovu to be­come their mar­ket­ing man­ager when he fin­ishes his stud­ies.

“We are push­ing the young ones be­cause part of our Pan-African vi­sion is to up­lift other black aca­demics. For us to rise, con­quer and be lib­er­ated, we need to up­lift each other,” says Mosiedi.

“Young black Africans need to start their own busi­nesses, there are lots of grad­u­ates but few com­pa­nies em­ploy­ing them. We must start build­ing our own African em­pires.”

The young en­trepreneur, who is a mem­ber of the South African In­sti­tute of Tax Pro­fes­sion­als, is cur­rently study­ing to­wards an ad­vanced diploma in ac­count­ing sciences at Unisa.

He says one of his proud­est mo­ments was be­ing crowned as Kag­iso’s Young En­trepreneur of the Year at the first Kag­iso Achiev­ers Awards in 2017.

Run­ning the busi­ness has been a roller­coaster ride for Mosiedi.

“There’ve been ups and downs but it’s been a nice process and jour­ney. I’ve learnt a lot be­cause ev­ery­thing we’ve done has been self-funded, we’ve faced many bud­get con­straints.”

Tshepo Mosiedi

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